Market Infrastructure

FSA to Seek Report from Mizuho Over ATM Network Shutdown

02/03/2021

A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

Securities / Derivatives

Australian Senator Seeks to End Short Selling by Super Funds

01/03/2021

Senator Gerard Rennick says short selling practices are an example of how superannuation funds aren’t protecting the interests of their members.

Enforcement

ASIC Launches Suit Against CBA Units Over Compliance Failures

01/03/2021

Commonwealth Bank said the issues arose from errors such as IT system coding or systems issues, human error and/or data entry errors.

AML / KYC

NZ Real Estate Agent Reprimanded for AML Non-Compliance

01/03/2021

Property Brokers Limited is required to take immediate action to rectify all areas of non-compliance and will continue to be closely monitored by DIA officials.

Crypto / Digital Assets

Etrading Software Becomes Registration Authority for DTIs

01/03/2021

The UK-headquartered technology provider has been nominated to become the registration authority for the new ISO standard for Digital Token Identifiers.

Securities / Derivatives

RBI Eases Foreign Investor Access to Defaulted Bonds

01/03/2021

The RBI says FPIs will be exempt from the residual maturity requirement, investment limit and investor limit when investing in defaulted corporate bonds.

Crypto / Digital Assets

Thailand SEC to Enhance Protections for Digital Asset Investors

01/03/2021

The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

AML / KYC

Malaysia Secures Settlement from AmBank to Resolve 1MDB Claims

01/03/2021

AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.

Sanctions

NYSE Announces Decision to Delist Chinese Oil Major CNOOC

01/03/2021

The decision was made in light of Executive Order 13959, which was signed in November, and updated guidance provided by OFAC in January.